ALINVEST: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ALINVEST
Largest movements
- Tangible fixed assets -€28,928
down €28,928 (-3.2%), from €898,869 to €869,941
of which Land and buildings: -€27,084
- Other debts -€22,716
down €22,716 (-6.3%), from €362,002 to €339,285
- Gross operating margin -€1,420
down €1,420 (-4.5%), from €31,643 to €30,224
- Depreciation -€490
down €490 (-1.7%), from €29,418 to €28,928
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €899,860 | €874,290 | -€25,569 | -2.8% |
| Fixed assets | 21/28 | €898,919 | €869,990 | -€28,928 | -3.2% |
| Tangible fixed assets | 22/27 | €898,869 | €869,941 | -€28,928 | -3.2% |
| Land and buildings | 22 | €886,263 | €859,179 | -€27,084 | -3.1% |
| Plant, machinery and equipment | 23 | €393 | €174 | -€218 | -55.6% |
| Furniture and vehicles | 24 | €12,214 | €10,588 | -€1,626 | -13.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €941 | €4,300 | +€3,359 | +357.1% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €68 | €2,382 | +€2,314 | +3393.5% |
| Deferred charges and accrued income | 490/1 | €873 | €1,918 | +€1,046 | +119.8% |
| Total equity and liabilities | 10/49 | €899,860 | €874,290 | -€25,569 | -2.8% |
| Equity | 10/15 | €537,357 | €532,019 | -€5,338 | -1.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €518,765 | €513,427 | -€5,338 | -1.0% |
| Distributable reserves | 133 | €518,765 | €513,427 | -€5,338 | -1.0% |
| Amounts payable | 17/49 | €362,503 | €342,271 | -€20,231 | -5.6% |
| Amounts payable within one year | 42/48 | €362,497 | €340,779 | -€21,718 | -6.0% |
| Trade debts | 44 | €495 | €1,494 | +€999 | +201.8% |
| Suppliers | 440/4 | €495 | €1,494 | +€999 | +201.8% |
| Other amounts payable | 47/48 | €362,002 | €339,285 | -€22,716 | -6.3% |
| Accrued charges and deferred income | 492/3 | €6 | €1,492 | +€1,486 | +24772.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,418 | €28,928 | -€490 | -1.7% |
| Other operating charges | 640/8 | €6,717 | €6,490 | -€228 | -3.4% |
| Gross operating margin | 9900 | €31,643 | €30,224 | -€1,420 | -4.5% |
| Operating profit (loss) | 9901 | -€4,492 | -€5,195 | -€702 | -15.6% |
| Financial charges | 65/66B | €174 | €143 | -€31 | -17.6% |
| Recurring financial charges | 65 | €174 | €143 | -€31 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,666 | -€5,338 | -€672 | -14.4% |
| Profit (loss) for the period | 9904 | -€4,666 | -€5,338 | -€672 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,666 | -€5,338 | -€672 | -14.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.